June housing stats: Prices Are Up Nationally, Prices Are Down Locally

The latest stats from Move (parent of Realtor®.com) show the housing market continuing to improve — better in some places than others.

  • June inventory was down by 19.4% compared to a year ago, and inventory dropped in 143 out of 146 markets.
  • The inventory age dropped by almost 10%.
  • List prices were up about 2.7%.

Keep in mind that these are national numbers, so your mileage may vary. Some settling of contents may occur. So let’s look at Move’s local numbers, which are usually different

  • Roanoke, for example, saw prices drop 2.8% from last year, while listings dripped 17.5%.
  • The Norfolk-Virginia Beach-Newport News area had prices down about 2.0%, while listings were down 21.5%.
  • The Virginia side of the Washington, D.C., area had prices up 6.6% and inventory down 17% — oddly, prices on the Maryland side of the District were up 14%.
  • Richmond’s prices were up about 3.5%; inventory was down almost 26%.

 

http://www.realtor.com/data-portal/Real-Estate-Statistics.aspx

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Realtor with Greg Garrett Realty, actively licensed in the state of Virginia

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